Silver savers miss out on golden returns

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THE over-fifties have a reputation as financially astute consumers who know how to make the most of their hard-earned cash. But a survey by Post Office Savings shatters this myth. The study found that nearly a third of over- fifties heap their savings in high street current accounts, some of which pay no interest.

The findings are all the more remarkable at a time when banks and building societies are clamouring for older customers with a range of specialised accounts.